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Opinions Kim Bolton
NVIDIA CorporationNVDAWATCHNov 20, 2024
Kim BoltonStock price when the opinion was issued
As of Jun 11, 2026. Market Open.
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Continues to buy for new clients (he uses RSI to pinpoint an entry point that will deliver value). Beneficiary of the AI capex tailwind. For him, remains the toll road of the AI buildout.
Stan Wong
His favourites right now are AMZN, NVDA, and MSFT. They're all going higher.
On the capex spend, sometimes it's a leap of faith. You're relying on these companies having some of the smartest people in the world with the most disposable capital. And those people really believe it's not a bridge to nowhere.
Undoubtedly, some companies are overdoing it and there will be another side to the mountain. But we don't know when that will be.
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Premium contentIn the last quarter, the company reported 1.87 USD per share, beating the 1.75 USD estimate by 6.52%. Revenue for the same period reached 81.61 B USD, despite the estimate of 78.91 B USD. For the next quarter, analysts expect 2.03 USD in earnings per share and 90.21 B USD in revenue. Social media mentions are up 126% in the past 24h.
Chart shows staircase consolidations and rallies. Earnings days are a total black box for him, no idea what's going to happen today (coin toss). We'll either see a corrective phase back to support, or see another push higher.
Longer-term chart continues to work. He'd look to add on weakness -- either right away if there's a drop, or later in July/August if the stock moves higher in the short term.
He always says buy this, don't trade it. They just delivered another set of stunning numbers: revenue growing 85% year over year, revenue beating with most of their growth coming from their core data centre business, hyperscaler revenues up 115% YOY while other areas grew 74% YOY, while gross margins were in line, free cash flow beat, and announced an $80 billion share buyback. They raised guidance, too. But the stock is so big, it's hard to surprised investors, so the stock is flat after hours.
Likes it fundamentally, but a lot of things are overbought at this point. Be cautious how you step in. Will do well over next 12-24 months. Relatively cheap compared to other growth stories out there. The "arms dealer" of the AI buildout. Like the "picks & shovels" of the AI "gold rush". An ecosystem of hardware and software.
Will benefit from the major capex spend by hyperscalers. Earnings growth forecast for next few years is 45% a year. PEG ratio ~0.6x, very attractive valuation. Yield is 0.02%.
Stan WongPremium contentNVDA just inked a $5.5 billion partnership with an Australian based neocloud company that will provide integrated cloud access and data center access, including renewable electricity. It trades at 48x earnings and supports an astounding 97% ROE. We recommend trailing up the stop (from $165) to $182, looking to achieve $275 -- 16% upside potential. Yield 0%
(Analysts’ price target is $271.03)
Lots to talk about regarding quantum computing, as it's one of the main foundational picks & shovels. Has come out with quantum platform for developers. Will really excel in the quantum space. His price target is $273. Yield is 0.02%.
(Analysts’ price target is $270.04)Kim BoltonWhat we heard from Alphabet and TPUs and Amazon with Trainium (their own AI chips) flies in the face of Nvidia being the stock to buy now. NVDA is supposed to go parabolic after it breached $200 recently, but he's less confident in NVDA's level of demand because of competition.
Has huge momentum, the biggest chip company in the world that's driving the markets. It just set a record at $213 and is now $199. Come on--it's right in front of your face. Demand is outstripping competition.
Jim LebenthalPremium contentWe reiterate NVDA, the world's leader in AI GPU chip manufacturing as a TOP PICK. Cash reserves are growing while the company continues to aggressively buy back shares. The ROE is over 100% and free cash flow has tripled over the past two years. We continue to recommend a stop at $165, looking to achieve $268 -- upside of 34%. Yield 0%
(Analysts’ price target is $268.61)
Today's the big day. Short-dated options from market makers show NVDA trading about 8-8.5% on either side of the close at end of day. A lot of the market makers will have to cover on their options, probably more so to the downside.
(Analysts’ price target is $154.25)Last time it reported in August, it was a great report with OK guidance, but over the next couple of days it traded from $125 all the way down to $95. You're going to have some opportunities to get in. For him, you have to own it, must be one of your top picks.
Right now, the largest market-cap company in the world, about $3.6T. If you extrapolate on its growth rate which is conservatively in the low 20%s, then market cap by 2029 could be anywhere between $5.6-6.3T. And that will be reflected in the stock. We can say this because it's really cornered the market on data centre accelerator chips; no one is even close.
Now at $146, so runway is a bit short. However, it owns 88% of the accelerator chips in data centres, which are the big buyers out there. Some hyperscalers are starting to build in-house chips which will eat into its business, but at the same time governments are ramping up. Plus, there's still the gaming side, which contributes about $10B a year. Automotive chips too -- right now $3B, but estimated to be in excess of $20B by 2029. Lots of horses in the race.